NEW TO MARKET - Cactus Acres, North Scottsdale

A warm contemporary in Scottsdale's desireable Cactus Acres, this estate property offers about 7,800 sq ft on an acre+ lot.

The main residence offers a chef's kitchen with breakfast nook, breakfast bar and walk-through pantry - all adjacent to the family room with retractable doors. It also has a formal living room that shares a dual-sided fireplace, a formal dining room, the spacious master suite with spa-style bath, 3 additional bedrooms and a fourth room that is pre-wired for a theater, bonus room or 4th bedroom.

The guest house offers a studio-style layout with walk-in closet, full

bath and mini kitchen area. The attached game room (or optional pool house) also offers a bath, storage and retractable doors.

The backyard is a playground with a beautiful pool & spa with water features and fiber optic lighting, a large grassy area, built

-in trampoline, sport court, lots of patio spaces and stunning mountain views.

Offered at $1,900,000

(short sale opportunity)

Contemporary Masterpiece, North Scottsdale

Designed and built by Kass Homes, this contemporary masterpiece in Candlewood Estates at Troon North offers the finest amenities, finishes and construction.

The main home offers spacious living with natural lighting, a large chef's kitchen with two-tone custom cabinetry and 'black beauty' granite, a wet bar w/wine storage, large dining and living room, a beautiful master suite with spa bath and two additional bedroom suites.

The guest casita offers a large studio-style room with full bath and walk-in closet.

Cozy patio spaces are embellished with skylights, a fireplace and firepit, designer fans and a flat screen TV - all surrounding a tile pool and spa with water features and desert landscaping.

AZ State Treasurer Dean Martin at Scottsdale Luxury Home Tour

AZ State Treasurer Dean Martin at Scottsdale Luxury Home Tour, originally uploaded by Monica Monson, Luxury REALTOR.

Another great event with the Scottsdale Luxury Home Tour. On Thursday, September 17 our featured speaker was Arizona State Treasurer, Dean Martin.

Treasurer Martin spoke out the States financial situation and about the $39 billion budget he manages to pay for State services. He also spoke about the real estate market trends that he has seen from the State bank's perspective and his opinion on what lenders can do to start improving the economic climate.

Who knows....maybe we'll see him run for Governor one day.

Jetset Magazine's Green Issue

Check out the newest issue of Jetset Magazine.

See pages 90/91 for an editorial that I contributed on green real estate and my new ad.

Come back often as I will be blogging more about green real estate and living in Scottsdale.

Anti-Deficiency Statute SB 1271 Repealed by Governor Jan Brewer

According to the Arizona Association of REALTORS legislative newsletter, The Capital Insider, Governor Jan Brewer signed HB 2008, which repeals SB 1271 and its change to the anti-deficiency statute. AAR would like to thank our members for their quick response and action on this matter. AAR's success is due, in part, to members like you who help engage on issues down at the Capitol. AAR will continue to work with legislators and industry stakeholders to protect homeowner rights at the Capitol.

Sneak Peak - Contemporary in Candlewood Estates

This gorgeous contemporary in Candlewood Estates at Troon North is in a league of its own. The use of custom woodwork, imported Italian stone and clean elements create a relaxing oasis.

This is a sneak peak at what you'll be able to experience soon via my partners at HighRes Media. They did the photo shoot last night and I can't wait to see them all!

OFFERED at $1,750,000

Great New Video of 10120 E. Desert Cove Avenue

Now offered at $1,850,00

Exquisite Santa Barbara-style Estate in Cactus Acres

Located on a north-facing lot with wide-open mountain views, this Santa Barbara-style luxury estate offers just under 8,000 sq. ft., 5 bedrooms, a home theater, dual offices, a bonus room, Cantera details throughout, large lap pool and resort spa for about 28 people. Click above to experience the virtual tour or visit http://www.monicamonson.com/.

Offered at $2,650,000

WOW Price in FireRock Country Club

Even in this market, this home won't last long in FireRock CC. 6,188 SF with 4 bedrooms, den, greatroom plan, game room w/wet bar, home theater, fitness/flex room, spa w/rock waterfall into a freeform pool. Now offered at $1,375,000

Time to Invest in Luxury

Believe it or not, the market has hit bottom in the luxury resort corridors throughout Scottsdale, Paradise Valley and the surrounding areas. This doesn't mean that we won't see price reductions or distressed properties continue to come on the market, but it does mean that the selection of homes is narrowing and Buyers should beware.

Timing is everything. None of us have a crystal ball that tells us when to buy or when to sell. But, based on market activity, the level of sales and trending - all arrows are pointing toward "Buy Now".

Although the media portrays a different story, money is readily available to those with good credit and a down payment. Jumbo financing is still offered at reasonable interest rates and closing timeframes are still within reasonable timeframes (about 45 days).

Like any sale, when you reach the end of it, the good "stuff" is gone and the leftovers aren't so appealing. If you are considering buying (or selling) a luxury home and have been waiting for the right time, consider it now while there are still good options to choose from.

Find information about my listings at http://www.monicamonson.com or call me today.